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Gold prices continued with the weak trend of the prior week and closed in the negative territory with losses of around 0.47%. The precious metal witnessed swings during the week as prices recovered amid buying interest coming in at lower levels of around $1730 per ounce but gave up all the gains towards the close...Read More
Asjadul Kibria | Published: August 27, 2022 20:55:51 After a strong rebound last year, there was an expectation that global trade would be on the path of steady growth in the current year. However, the Russia-Ukraine war, starting in late February, dimmed the optimism to some extent. Though there was a sign of robust growth...Read More
Larry Summers is worried that the economy faces a hard landing as the Federal Reserve attempts to bring inflation under control. The former Treasury secretary recently said, “My worst fear would be that the Fed will continue to be suggesting that it can have it all in terms of low inflation, low unemployment and a healthy...Read More
How much is the Dollar to Naira Exchange rate at aboki fx and the black market today, 27th August 2022? See today’s Dollar to Naira exchange and how to convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate. Nigerians...Read More
Housing prices could dip by as much as 20% in more than 180 markets nationwide if the US economy falls deeper into a recession, according to a new study. Experts at the research firm Moody’s Analytics said that homes in 183 of the 413 largest regional housing markets in the country are “overvalued” by more...Read More
26 August: Global Stocks Slip As Fed Chair Reiterates Aim Of Tackling Inflation Share prices around the world dipped after US Federal Reserve chair Jerome Powell said the central bank would continue to raise interest rates to reduce the country’s high inflation rate. Speaking today at the economic symposium held in Jackson Hole, Wyoming, Powell...Read More
CARACAS, Aug 25 (Reuters) – Efforts by the administration of Venezuelan President Nicolas Maduro to tamp down inflation by increasing supplies of foreign currency may be at risk amid economic growth after years of stagnation, analysts said. Maduro’s government has succeeded in lowering consumer price growth, which was 137% year-on-year through July, by increasing the...Read More
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